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A man was shot and killed by police at the corner of Hollywood Boulevard and North Highland Avenue (map) on Friday night after allegedly approaching officers with a knife.

Officers responded to the intersection around 6:45 p.m. after receiving a report of an assault with a deadly weapon, according to Officer Jane Kim with the Los Angeles Police Department's Media Relations Section.

When they arrived on scene, officers found a man armed with a knife, said LAPD Detective Meghan Aguilar.

"When he saw the officers, he approached them and an office- involved shooting occurred," Aguilar said.

The man was transported in critical condition to a local hospital where he later died.

The deadly confrontation occurred in the middle of a busy intersection in the heart of Hollywood and was witnessed by dozens of stunned bystanders.

"I heard like five shots go off and then all of a sudden I saw police run across and they're pointing a gun at this guy that's lying on the ground," said local resident Neil Barnett.

A number of tourists staying at a nearby hostel were stunned by what they saw.

"We heard a couple of gun shots ... and we ran to the window and we just saw the cops standing there aiming their guns [at] the guy," said tourist Hanna Forspend.